#btccoin *Bitcoin Holds $77K Support as Daily Chart Compresses in Symmetrical Triangle*
Bitcoin is trading at *$77,038.09* on the daily chart, holding just above key support after a 0.54% dip on the day. The chart shows BTC compressing inside a symmetrical triangle pattern formed since late 2025.
Price broke out of a falling wedge in February and rallied from the $60,100 low to test the triangle’s upper boundary near $81,000 in May. The recent pullback has brought Bitcoin back to the green support zone between *$74,000 and $76,000*, which now aligns with the rising 50-day moving average shown in green. The 200-day moving average in red sits above at roughly $82,000, acting as the next major resistance.
*What the chart shows:*
- *Pattern*: Symmetrical triangle with converging trendlines since October 2025
- *Support Zone*: $74,000–$76,000, reinforced by the rising 50-day MA
- *Resistance*: Descending trendline and 200-day MA near $81,000–$82,000
- *Current Price*: $77,038.09, down $419.58 on the day
The triangle structure means volatility is contracting, and a breakout or breakdown is likely once price exits the pattern. A close above $81,000 would target a move toward $85,000 and beyond, while a loss of the $74,000 support could send BTC back toward the $70,000 level.
For now, bulls are defending the $77K level, keeping the post-February uptrend intact. The next few daily closes will be key to confirm direction.